GCBC vs HOPE: Correlation
How closely do Greene County Bancorp, Inc. (GCBC) and Hope Bancorp, Inc. (HOPE) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCBC and HOPE?
On 3 years of weekly data the GCBC/HOPE correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 778.8 %².
Among the 10 assets we track against GCBC, HOPE ranks #4 by 3-year correlation. The last year tells two different stories: GCBC led by 16.2 percentage points, +47.1% for GCBC against +30.9% for HOPE.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GCBC vs HOPE: side by side
| GCBC (Greene County Bancorp, Inc.) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +47.1% | +30.9% |
| 5-year return | +139.6% | +29.9% |
| Volatility (ann.) | 40.5% | 29.7% |
| Beta vs S&P 500 | 0.75 | 0.91 |
| Max drawdown (3Y) | -42.9% | -35.1% |
| Market cap | $0.6B | $1.8B |
| P/E (trailing) | 14.4 | 13.8 |
| Dividend yield | 1.15% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCBC | HOPE |
|---|---|---|
| 2022 | +57.9% | -9.6% |
| 2023 | -0.6% | -0.1% |
| 2024 | -0.6% | +6.8% |
| 2025 | -18.5% | -5.9% |
| 2026 | +57.6% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCBC and HOPE good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GCBC and HOPE?
As of 2026-08-27, the correlation of weekly returns between GCBC and HOPE is 0.65 over 3 years, 0.58 over 1 year and 0.52 over 5 years.
Is HOPE a good diversifier for GCBC?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gcbc-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gcbc-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GCBC correlations · HOPE correlations
